What exhibit contains the audited consolidated financial statements of Hyatt Hotels Corporation for The Standardx?
The_Standardx Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached to this Disclosure Document as Exhibit A-1 are the audited consolidated financial statements of our parent company, Hyatt Hotels Corporation, as of December 31, 2024 and 2023 and for the fiscal years ended December 31, 2024, 2023, and 2022. Attached as Exhibit A-2 are the unaudited consolidated financial statements of Hyatt Hotels Corporation as of and for the period ending March 31, 2025.
Hyatt Hotels Corporation absolutely and unconditionally guarantees the performance of our obligations to franchisees under the Franchise Agreement. The Guarantee of Performance also is included in Exhibit A-1.
Source: Item 21 — Financial Statements (FDD page 85)
What This Means (2025 FDD)
According to The Standardx's 2025 Franchise Disclosure Document, the audited consolidated financial statements of Hyatt Hotels Corporation are included as Exhibit A-1. These statements provide a detailed overview of Hyatt Hotels Corporation's financial performance as of December 31, 2024 and 2023, and for the fiscal years ended December 31, 2024, 2023, and 2022.
As a prospective franchisee, reviewing these financial statements is crucial because Hyatt Hotels Corporation guarantees The Standardx's obligations to its franchisees. This guarantee, also found in Exhibit A-1, ensures that Hyatt Hotels Corporation will cover The Standardx's financial responsibilities under the Franchise Agreement.
Therefore, understanding the financial health of Hyatt Hotels Corporation is essential for assessing the security and stability of the franchise agreement. The FDD also includes Exhibit A-2, which contains the unaudited consolidated financial statements of Hyatt Hotels Corporation as of and for the period ending March 31, 2025, offering a more recent but not yet audited financial snapshot.